Unanswered Questions

The best that can be said of the 1943 tax
bill, now being put into legal language for presentation to the House,
is that it is the biggest, toughest tax measure ever adopted by the
House Ways & Means Committee. But it leaves at least three major
questions unanswered.

Is It Enough? As the bill finally left the committee, it was, by the
Treasury's computation, $2.7 billion short of the Treasury's $8.7
billion goal. At the last minute the committeewith Presidential
permissionreversed itself, killed mandatory joint returns, thus
sliced away an estimated $430,000,000 in revenue.